The Value of Solar Financing
Solar Financing Options
If you can afford your electric bill, you can afford solar! As the solar industry has grown and evolved, so have the financing options available. Often, the preferred financing tool for residential and commercial projects is a fixed, low-interest rate loan which typically offers a lower monthly payment than a monthly electric bill. The increased demand for solar financing has caused the number of financing options to increase as banks and credit unions search for new lending opportunities in a competitive marketplace.
Banks, credit unions, and other funding sources that once did not finance solar projects are now making solar more accessible and affordable for everyone. As the adoption of solar continues to increase, loan offerings by more regionalized financial firms are expected to continue to grow as more institutions build out their solar loan programs into their lending portfolios.
Visit our Financing Options page for a complete list of additional solar financing programs and options.
Solar Financing Partners
Currently, Eagle Point Solar partners with several institutions to offer our clients customized, tailored lending programs designed to provide low-cost, affordable solar investment options. Through partnerships with multiple financial institutions, Eagle Point Solar’s Residential and Commercial Solar Ownership Program was developed and can provide an easy loan application with a quick decision making/processing, 100% financing, no money down, fixed, low-interest rates, flexible terms, and no prepayment penalties.
Contact an Eagle Point Solar Energy Consultant to learn more and apply.
Solar Financing Benefits
Solar loans are attractive for a number of reasons including the ability to take advantage of any solar energy incentives while they are available and go solar with little or no money down. The attraction of swapping a monthly electric utility payment for a solar loan payment is certainly noteworthy. Loan payments will eventually end, providing solar owners with decades of generating free, clean, and renewable electric energy from the sun and their solar array.
Consider, when will you have your utility company paid off? Does the cost of purchasing electricity from your utility increase year over year? For solar owners, the cost of producing energy will remain the same for generations. Simply put, if you can afford your high monthly electric bill, swapping for a lower monthly payment and going solar just makes financial sense.
Interested in learning more, check out our financing options. When you’re ready to begin your solar journey, simply complete our online Solar Analysis form or contact us.